- Netflix has reportedly exited the Nigerian movie market after 8 years of operation.
- The development was disclosed by Nigerian filmmaker Kunle Afolayan at the 2024 Zuma Film Festival.
- Netflix hasn’t released an official statement, but Afolayan confirmed the withdrawal.
- The platform officially exited the market in November 2024.
- The reason for Netflix’s withdrawal from the Nigerian market remains unclear.
Netflix has reportedly exited the Nigerian movie market after eight years of operation. This development was disclosed by renowned Nigerian filmmaker Kunle Afolayan during his speech at the 2024 Zuma Film Festival .
Although Netflix hasn’t released an official statement, Afolayan confirmed the withdrawal. He emphasized that the move was intentionally kept away from the public.
Netflix launched in Nigeria in 2016 and has been a significant player in the local film industry, providing financial support for producing Nigerian content. However, according to Nollywood Wire, the platform officially exited the market in November 2024 .
The report states that Netflix informed its frequent collaborators about its decision to scale back on acquiring Nigerian content. The reason for this withdrawal remains unclear, as Netflix hasn’t provided any explanation or statement regarding the move.
